Trash or Treasure? Expiry vs. Big Data
Big Data was a top theme in StoredIQ’s Industry Advisory Board last week. The StoreIQ team believe in the ongoing transformation of enterprise digital landfills from trash to the treasure trove promised by business analytic mining of “Big Data”. The fundamental idea is that immature repositories of unstructured ESI are a liability, while a mature content lifecycle environment (people, process and technology) makes that wealth of information work for the benefit of the company. Let’s face it, storage is relatively cheap compared to 10 years ago. We spent a fair amount of time discussing the key factors to calculating the ‘true cost of ownership’ for a mythical gigabyte of Office files, but the cloud market has already given us a solid baseline cost. Amazon S3 and their competitors can make a profit at 6-14¢/GB/month, so that pretty much confirms that actual storage is cheap.